Courts: Banks $2 Million in Losses from a BEC Attack Aren’t Covered by Cyberinsurance

By February 20, 2020Cyber Security
Using emails impersonating the wife of a senior executive at Crown Bank, cybercriminals were able to take the bank for $2 million – an amount the courts held the bank responsible for.

Refer Here for Original Post and Source https://blog.knowbe4.com/courts-banks-2-million-in-losses-from-a-bec-attack-arent-covered-by-cyberinsurance

Robert Crossland

Author Robert Crossland

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